Credits and deductions

Hello, Chris!

That's a good question.

When claiming a medical expense, it must total a certain amount or percentage of your net income. You will get a tax credit for all eligible medical expenses, even if you paid for services outside Canada, except for amounts that were reimbursed to you. If you are married or in a common-law relationship, the spouse with the lowest net income usually claims all the medical expenses in the family. 

Allowable medical expense claims cover a wide range, from eyeglasses, dentures, premiums to private health services plans, to bone marrow or organ transplants. If you paid premiums to a private health services plan for extended health benefits, or a dental plan, you can claim those, Make sure they have been deducted from your pay and not paid by your employer. If you had to travel to get medical services, you may be able to claim those expenses under medical expenses.  

For more information about Medical Expense Tax Deductions in Canada, please visit: http://turbotax.intuit.ca/tax-resources/medical-expense-deductions.jsp

 

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